Comments on: Big chunk of government insurance brokerage business transferred to ex Super One chairman’s company this year

By: Drinks With Vince Micallef

Drinks With Vince Micallef — Tue, 18 Nov 2014 23:27:20 +0000

In reply to J. Borg. Great name for a firm of Labour lawyers. Nice Middle Eastern ring to it.

By: C.Portelli

C.Portelli — Tue, 18 Nov 2014 20:21:11 +0000

Taghna Ukoll

By: Lizz

Lizz — Tue, 18 Nov 2014 14:44:44 +0000

It’s not called “all care” for nothing. If he didn’t get them “all” he’d have to change the company name.

By: Alexander Ball

Alexander Ball — Tue, 18 Nov 2014 14:42:21 +0000

It’s a dirty job but somebody has to do it.

By: Julo

Julo — Tue, 18 Nov 2014 13:53:23 +0000

An insurance broker would take a commission, sometimes as much as 30% of the premium, and this at every renewal.

It would be interesting to see what the Malta Financial Services Authority is doing about conflicts of interest and anti-competitive practices in this matter.

I work in the UK and if I dealt with a firm where a friend of mine worked, I would be filling out forms and reporting potential conflicts as the FCA is very tight on this.

By: Tabatha White

Tabatha White — Tue, 18 Nov 2014 12:18:41 +0000

In reply to Conservative. What about the commission due on each premium paid annually?

By: Conservative

Conservative — Tue, 18 Nov 2014 11:42:21 +0000

The insurance industry normally works as follows: the broker would typically get, as a minimum, an arrangement fee (read “commission”) of around the equivalent of the first year’s premium (+/-) depending very much on the business underwritten.

You would need an insurance broker to work out a very near approximate of what Alfred Mifsud is getting, but I suspect that it runs into millions.

By: curious

curious — Tue, 18 Nov 2014 10:41:41 +0000

We need Alfred Sant and his theories here.

By: J. Borg

J. Borg — Tue, 18 Nov 2014 10:41:02 +0000

Could be called Triple-A (AAA) Insurance: Ahtaf, Ahtaf, u Ahtaf.

By: Jozef

Jozef — Tue, 18 Nov 2014 10:37:12 +0000

In reply to Jozef. This little Mizzi went to Spain....